Cryptocurrency exchange BitMEX announced on Wednesday that it is launching a new trading analysis product for VIP traders on its platform. The new product is powered by trading technology firm Hoc-trade.
The BitMEX VIP Trading Report provides traders with access to a range of analytic tools that let them evaluate their own trading performance. The goal is to identify their own strengths and weaknesses so that they can then improve their trading performance.
Hoc-trade, which already works with brokers like XS and YaMarkets, analyses a range of behaviours to help traders improve their performance.
That includes things like trade timing, risk management, and emotional mistakes.
Traders are then given a snapshot of their trading performance, with an eight point overview of their performance. The report then breaks down each of those eight areas into more granular detail, so that traders can get a better overview of their performance.
BitMEX VIP Trading Reports
BitMEX will provide the trading reports to its clients who have VIP status. Traders can become a VIP trader on BitMEX by either staking BMEX tokens or hitting certain trading volume levels.
Traders get access to the report on a monthly basis via email.
BitMEX is regulated in the Seychelles and offers trading in physical crypto, as well as futures, perpetual futures, and event contracts.
Many crypto firms operate in exactly the same way as CFD brokers, with a core spot product that is used for marketing and leveraged products that generate the majority of revenues.
